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Carcetti Capital Corp V.CART.H

Alternate Symbol(s):  TPNEF

Carcetti Capital Corp. is a Canada-based company. The Company is focused on seeking a new business opportunity.


TSXV:CART.H - Post by User

Bullboard Posts
Comment by Bobwinson Feb 27, 2017 2:00pm
130 Views
Post# 25900055

RE:RE:Chen's CUB site visit.

RE:RE:Chen's CUB site visit."Technical discussion underway to drill a horizontal well toward M23"

I've never heard of any technical advantage to connect two horizontal wells.  Seems like this statement is just indicating the general direction that they are thinking about drilling the horizontal leg.  

It will be interesting to see how Cub and it's partners try to increase production.  For it's part, Cub seems to be content to concentrate on securing valuable concessions and then find good partners who will drill and increase production.  It's certainly the low risk way to grow production and company value.  

If they do decide to drill themselves, it could be an indication that the prospect is too good to share with a partner.  Let's hope they end up with that kind of tough decision.  
Bullboard Posts